The agreement between the chipmakers and the U.S. government will allow Nvidia and AMD to obtain export licenses to resume sales to China.

U.S. President Donald Trump on Monday suggested he might allow Nvidia to sell a scaled-down version of its next-generation advanced GPU chip in China, despite deep-seated fears in Washington that China could harness U.

Nvidia and its smaller rival Advanced Micro Devices have both agreed to remit 15% of the revenue they generated from AI chip sales in China to the Trump administration, The Wall Street Journal reported Sunday, citing people familiar with the matter.